Alberta's economy is on the road to recovery and more money is coming in, but there's no change to the government's projected $10.8-billion deficit this year
The Real Estate Council of Alberta has announced an Alberta-based mortgage broker has had his license suspended for refusing to cooperate with an investigation.
Government interference in the mortgage industry has a history of frustrating brokers, but one leading player believes CMHC changes could be the key to reining in collateral charge mortgages.
Brokers often complain about the prevalence of part-time brokers and one industry professional has suggested higher fees and emulating the real estate agent model could rectify the problem.
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It’s not the first time that the International Monetary Fund has warned about the Canadian housing market but in its latest report it says that Ottawa has not done enough to cool the market.
Real estate agent Ara Mamourian of SpringRealty.ca has resumed sending weekly emails containing purchase prices of homes sold in his area.
Ottawa has one of the most stable and sought-after multi-family rental markets in Canada according to a report from Colliers International.
Brokers are voicing their displeasure with a recent change made by a big bank that will affect past and future clients.
One of Canada’s most influential not-for-profit research organizations recently published its yearly Long-Term Economic Forecast, which include its predictions for the housing and mortgage markets for the next few years.
Housing starts in Canada were down for the fifth consecutive month in February, according to the latest figures by CMHC.